question CBDOil.com sold recently and new buyer is trying to flip it

[JimSteemer]

The domain CBDOil.com recently sold and now the new owner is looking to make a profit and trying to resell it as a flip. How much do you guys think it's worth? I personally think the new owner made a very bad decision. That's not a domain you buy to flip at those prices, but I could be wrong.

 

[Leo2k]

I already gave you the details. Joe paid about 70% and defaulted so Harry got it back.

If you have details on a different owner let us know.

Out of curiosity, in this case will the payer/Joe get the paid 70% amount back or he will not get it back?

 

[Keith]

Out of curiosity, in this case will the payer/Joe get the paid 70% amount back or he will not get it back?

When domains are sold via payments, the seller keeps all money received, even if the buyer defaults.

 

[Business Brands]

The domain CBDOil.com recently sold and now the new owner is looking to make a profit and trying to resell it as a flip. How much do you guys think it's worth? I personally think the new owner made a very bad decision. That's not a domain you buy to flip at those prices, but I could be wrong.

CBD rush is over.

 

[bondage]

https://flippa.com/11386800-cbdoil-com

 

[Kate Buckley]

You join this forum and take up for Joe “Hustler” immediately who is well known to routinely scam his followers on social media in the crypto space. Nobody cares about his legal dept which is probably him sitting behind a desk. He tried a scam regarding this name. He never owned it. To own something you must actually pay in full.

Kate Buckley has close to 30 years in this biz and a stellar reputation unlike Joe. Is that you Joe?

This is 100% correct. Keith has his facts straight. As for a "legal email," in my experience, attorneys usually construct syntax above an 8th grade level and tend to sign their emails.

As for brokerage, I was engaged by Joe to broker the domain despite him having zero authorization from Harry (the rightful owner, as the domain name was on a long term payment plan via Escrow.com) to do so.

As Joe had already defrauded the media establishment and had it reported as a sale, and clearly had full—and very vocal—usage of the domain name, I entered into the agreement with him. He displayed erratic behavior in the time--going from demanding 8 figures for the name ("I want nothing less than $10 million for it. I think it’s worth up to $50 million" - 10/12/21), which I politely declined, to eventually saying "I will take 500k." (09/05/22). While I garnered significant interest in the domain name in the time I was working on it, unfortunately no one was interested at that level.

Joe then defaulted; Harry reclaimed his domain name, then contacted me (9/30/21). We had a very cordial, warm —and hilarious!—phone conversation. I then reached out to Joe via email (no reply) and cell (he replied that I had "a wrong number"). The "sale" was then corrected via DN Journal and other media outlets. I wish Harry and his team all the best with their efforts with the name.

 

[GoKaizen]

Great way to earn money and keep the domain! 😄

It was sold on payments for $500k and the buyer defaulted. The original owner has it back and is being represented by Latonas.com